The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EXPRESS CO COM 025816109 1,804 24,335 SH   SOLE   24,335 0 0
AVX CORP NEW COM 002444107 2,970 226,869 SH   SOLE   226,869 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 16,791 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 25,140 192,791 SH   SOLE   192,791 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,315 33,166 SH   SOLE   33,166 0 0
CHUBB CORP COM 171232101 1,226 10,000 SH   SOLE   10,000 0 0
CNA FINL CORP COM 126117100 1,324 37,915 SH   SOLE   37,915 0 0
COCA COLA CO COM 191216100 2,006 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,935 20,302 SH   SOLE   20,302 0 0
DST SYS INC DEL COM 233326107 258 2,450 SH   SOLE   2,450 0 0
EXXON MOBIL CORP COM 30231G102 19,065 256,418 SH   SOLE   256,418 0 0
GENERAL ELECTRIC CO COM 369604103 3,680 145,935 SH   SOLE   145,935 0 0
GOLDCORP INC NEW COM 380956409 6,218 496,630 SH   SOLE   496,630 0 0
INTEL CORP COM 458140100 3,503 116,230 SH   SOLE   116,230 0 0
JOHNSON & JOHNSON COM 478160104 1,875 20,089 SH   SOLE   20,089 0 0
KINROSS GOLD CORP COM NO PAR 496902404 938 545,078 SH   SOLE   545,078 0 0
LEUCADIA NATL CORP COM 527288104 6,237 307,826 SH   SOLE   307,826 0 0
MEDTRONIC PLC SHS G5960L103 335 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC NEW COM 58933Y105 3,888 78,729 SH   SOLE   78,729 0 0
MERCURY GENL CORP NEW COM 589400100 9,943 196,847 SH   SOLE   196,847 0 0
MICROSOFT CORP COM 594918104 3,559 80,404 SH   SOLE   80,404 0 0
NEWMONT MINING CORP COM 651639106 1,327 82,563 SH   SOLE   82,563 0 0
PEPSICO INC COM 713448108 2,025 21,475 SH   SOLE   21,475 0 0
PRECISION CASTPARTS CORP COM 740189105 8,131 35,397 SH   SOLE   35,397 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 231 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 3,950 83,220 SH   SOLE   83,220 0 0
STATOIL ASA SPONSORED ADR 85771P102 1,865 128,114 SH   SOLE   128,114 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,991 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,528 56,101 SH   SOLE   56,101 0 0
VICAL INC COM 925602104 185 403,146 SH   SOLE   403,146 0 0
WASHINGTON FED INC COM 938824109 5,356 235,439 SH   SOLE   235,439 0 0